Bitcoin slides below $117.5K amid warnings further BTC price drops next


Bitcoin slides below 7.5K amid warnings further BTC price drops next


BTC price action turns weaker after the Wall Street open, with Bitcoin market participants bracing for lower levels despite bullish US macro data.

Key points:

Failure to reclaim $120,00 could spell trouble for Bitcoin bulls.

Whales appear to be offloading at local highs, creating further hurdles to price upside.

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